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After trading for 10+ years and experiencing $100,000’s of losses and $1,000,000’s worth of profits
Below is what I wish I would of known. A thread 🧵
$SPY $SPX
The Fed just reported that U.S. banks borrowed $475 billion last week as the banking crisis continued.
Meanwhile, over $500 billion has been withdrawn from small banks in the TWO WEEKS since SVB collapsed.
We did some research and the numbers are alarming (a short thread):
1/7
Economic Events in 2023 So Far:
1. NYSE "glitch" halts 200+ stocks impacting over $1 trillion in trade volume
2. 2nd and 3rd largest bank collapses in U.S. history
3. Housing market falling at fastest pace since 2011
4. Chinese spy balloon shot down over U.S.
5. Credit card debt hits record $985 billion
6. U.S. NOTAM system goes down grounding all flights
7. CPI inflation formula changed for first time in years
8. Corporate earnings decline for the first time since 2020
9. Mortgage rates hit 7.1% sending mortgage demand to lowest since 1993
10. Nearly 200,000 people have been laid off in tech
We are not even 3 months into 2023 and multiple historic events have already occurred.
2023 will be a historic year.
Two Major Banks have crashed. #3 set to go. BUY real gold and silver coins now. No ETFs. When Bank #3 goes gold & silver rocket up. 2008 I forecasted collapse of Lehman days before it crashed on CNN. If you want proof go to RICH DAD .com. Will be on Neil Cavuto on FOX on Monday.
To actually bring #inflation back down to 2% not only will the #Fed have to raise rates much higher and shrink its balance sheet faster, but consumer credit must be tightened and the Federal Govt. must make substantial cuts to spending, including to #SocialSecurity and #Medicare.
The pivotal moment in #Fed press conference:
When (incorrectly) told the market had reacted positively, Jerome Powell seems frustrated and lists ONLY reasons why this is the wrong interpretation.
Very telling for #stocks.
$QQQ $SPY #macro#inflation
An astronaut onboard the International Space Station has captured this stunning image of blue spheres in the earth's atmosphere https://t.co/OzOI3oW38C
Approximately 4,450 volunteers have provided 83,930 hours of service — and counting — in the two weeks since Hurricane Ian devastated several cities along Florida’s Gulf Coast.
https://t.co/UBoItpkSnN
The Plunge Protection Team's official mission is to advise the U.S. president during times of economic and stock market turbulence.
Critics fear the Plunge Protection Team doesn't just advise, but actively intervenes to prop up stock prices colluding with banks to rig the market.